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Legend Oaks - Weekly Housing Market Updates
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4.14.25
Happy Monday Y'all! I took Friday off so last week's update is coming at the start of this week. Here's what's happening in Legend Oaks.
NEW LISTING IN LEGEND OAKS:
7802 Cheno Cortina Trl - Listed 5 days ago for $735,000. It is 2448 square feet and follows the Mills, Small, Bowie school path. Slightly higher square footage and an updated primary bathroom and kitchen should help this sell above the current inventory. I don't know if it will close for $735,000 but you can easily justify low $700's or high $600's for this property considering recent sales in the neighborhood.
6607 Oasis Dr - Listed 4 days ago for $685,000. It is 2273 Square foot 4/3 that feeds into the Mills, Small, Bowie school path. Some moderate updates throughout and livable. Based on the recent sale of 6106 Blanco River (similar condition and square footage) at $645,000, this might be considered slightly overpriced.
6708 Oasis Dr - Listed 5 days ago for $649,000. It is a 2267 square foot 4/3 that feeds into the Mills, Small, Bowie school path. Similar to 6607 Oasis, it has some updates but still needs a little work. This one looks like its priced more inline with the market.
6418 Zadock Woods Dr - Listed 5 days ago for $915,000. It is a 2922 square foot 4/3 that feeds into the Patton, Small, Austin High school path. This home was updated but was purchased in 2023 for $800,000. I think it is priced aggressively high for not having a swimming pool. I would expect this to close well under $900,000.
6036 Bel Fay Ln - Listed 3 days ago for $669,000. It is a 2213 square foot 4/3 that follows the Patton, Small, Austin High school path. Some moderate updates and on a quiet street. This one backs to greenspace that is connected to commercial property, buyers may be wary of that. Based on the condition and the backyard, I would expect this to close under list price based on what's available at the moment.
UNDER CONTRACT LISTING IN LEGEND OAKS:
6136 Oliver Loving Trl - Was originally listed for $748,900. They reduced the price to $700,000 and were on the market for 69 days before accepting an offer. I would expect this to close just under $700,000. The closing price on this could impact the closing price for 7802 Cheno Cortina.
CLOSED LISTINGS IN LEGEND OAKS:
Nothing closed this week in Legend Oaks but we have 2 pending we will keep an eye on.
MY ANALYSIS:
As expected we saw a rush of inventory this week. Pricing is starting to normalize again. The market isn't in steep decline but if we see a high volume of inventory in the coming weeks, it could force pricing down slightly more as we do not currently have the buyer demand to match.
If you are curious about the value of your home or have any questions please don't hesitate to reach out.
Have a great weekend!
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4.4.25
Happy Friday Y'all! Can you believe it's already April??? Here is what's going on in Legend Oaks this week.
NEW LISTING IN LEGEND OAKS:
No new listings in Legend Oaks this week. Here's what came on the market in Villages At Western Oaks this week.
6204 Salcon Cliff Dr was listed 5 days ago. It's 2787 square feet 4/2 that follows the Mills, Gorzycki, Bowie school path. It was listed for $850,000 and fully renovated. The down side is the size of the back yard but the updates inside may get them close to their list price.
CLOSED LISTINGS IN LEGEND OAKS:7105 Teya Ct - Closed on 3/28/25 for $720,000 after being on the market for 9 days. They were originally listed at $750,000 so they accepted an offer for 30k under list price.
6106 Blanco River Pass - Closed on 3/28/25 for $645,000 after 18 days on market. It was originally listed for $675,000. Similar to Teya, they accepted an offer for $5,000 under list price after price dropping from $675,000 to $649,900.
UNDER CONTRACT LISTING IN LEGEND OAKS:
6429 Zadock Woods Dr - went under contract this week. It was listed for 25 days and had one price reduction from $699,000 to $675,000 before accepting an offer on 3/31.
MY ANALYSIS:
As noted on both properties that closed this week, even lower days on market (9 and 18) both properties still closed $30,000 under their original list price. We are still seeing downward pressure in the market.
If you are curious about the value of your home or have any questions please don't hesitate to reach out.
Have a great weekend!
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3.28.25
Happy Friday Y'all! Here is what's going on in Legend Oaks this week.
NEW LISTING IN LEGEND OAKS:
No new listings in Legend Oaks this week but here are the listings that came on in Villages of Western Oaks (legend oaks adjacent) this week.
8208 Ganttcrest Dr was listed 5 days ago. This 2511 square foot 3/3 follows the Mills, Small, Austin school path. This house was sold in 2023 for $907,000 which means the owners are already losing money at list price which is $849,900. Based on the current market, I would expect this to sell under $800,000. If it sells above that I'll be pleasantly surprised.
6005 Blanco River Pass Came back on the market this week. Looks like the buyer backed out during the option period, this could be for any reason such as getting cold feet, found a different property or didn't like how the inspection went.
CLOSED LISTINGS IN LEGEND OAKS:6145 Oliver Loving Trl closed last week. It was originally listed for $680,000 and on the market for 188 days. It closed at $580,000 with some seller paid closing costs.
6305 Sam Maverick Pass was on the market for 5 days and had multiple offers. It was Listed at $689,900 and closed at $727,170. This was listed on the lower side considering the updates and size. 4/3 that is almost 2400 square feet. This is a great example of listing slightly under market to attract the best buyer in the neighborhood.
7910 Siringo Pass was listed for 18 days and originally listed at $625,000. It closed for $597,500. This is a 4/3 and just under 2400 square feet as well. This one didn't have any updates and likely accepted an offer slightly under what they normally would have because it was a fully cash deal.
UNDER CONTRACT LISTING IN LEGEND OAKS:
MY ANALYSIS:
Listing at the right price is the name of the game. When you come on the market listed at or slightly under market you beat days on market by a couple months. Holding costs for some can be $3000 to $5000 a month. In these scenarios the cost of aggressively listing high can cause you to lose more money than listing at or below market to start.
If you are curious about the value of your home or have any questions please don't hesitate to reach out.
Have a great weekend!
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3.21.25
Happy Friday Y'all! Here is what's going on in Legend Oaks this week.
NEW LISTING IN LEGEND OAKS:
No new listing in Legend oaks this week but we did see 5205 Colusa Ct get listed in Legend Oaks adjacent neighborhood, Beckett Meadows. It is a 2232 square foot 4/3 and has an in-ground pool and is listed for $650,000. I would expect this to go under contract pretty quickly.
CLOSED LISTINGS IN LEGEND OAKS:
6821 Telluride Trl actually closed a few weeks ago but the listing agent didn't mark it as closed until this week. It is a 1627 square foot 3/2 that was listed for $525,000. It was only on the market for 4 days and closed for $533,000. It was likely slightly under priced to start with but closed 8k over list.
UNDER CONTRACT LISTING IN LEGEND OAKS:
MY ANALYSIS:
In general, if you price slightly under market right now, barring any major difficulties (like backing to escarment, convict hill or in terrible living conditions) then properties in Legend Oaks should sell in two to four weeks. If you are pricing aggressively it can take significantly longer. Days on market for Austin in general were over 90 days in February but I expect with the market picking up slightly we'll see that number come down in March.
I would expect to see inventory climb in the coming weeks. I have seen quite a few coming soon signs.
If you are curious about the value of your home or have any questions please don't hesitate to reach out.
Have a great weekend!
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3.14.25
Happy Thursday y'all! Here is what's going on in Legend Oaks this week.
NEW LISTINGS:
6303 Sam Maverick Pass was listed yesterday for $680,000. It is a 4/2 just over 2000 square feet that feeds into the Mills/Small/Bowie school path. This property is partially updated and is off all major thoroughfares.
6429 Zadock Woods Dr was listed 7 days ago for $699,000. It's a 3/2 just over 2500 square feet that feeds into the Patton/Small/Austin High school path. It's a single story home with some updates and backs up to greenbelt but is still an ear shot away from Escarpment.
My Analysis: Zadock Woods is likely over priced considering the current market. Updates don't qualify for highside of the market while having more square footage than Sam Maverick, it is still missing a bedroom. I would expect both of these properties to sell for under what they are currently listed for.
CLOSED PROPERTIES:
6309 John Chisum Ln closed on 2/24/25 for $750,000. This house was FULLY updated throughout with everything popular at the moment. It was originally listed for $700,000 and went into multiple offers. It was slightly under priced to start considering the updates but the goal was accomplished and it closed in 2 weeks for $50,000 over list price.
Here is what's pending that we should see closing in the coming weeks:
If you'd like to know what your property is worth or have any other questions, please feel free to reach out!
